Do not fight the market

[Zed0X]

An interesting quote I read today

"Predict? Yes. That's implied when you make a trade. Just don't stick to your predictions if the market tells you something different." - J. Leavitt

This just reminded me of most of my mistakes back when I was new to trading.
If you ever plan to trade, do not rely on "hopes" and being "positive" that the price will go up soon. Do not go against the flow of the market because doing so will only lead to losses.

[khufuking]

That is 100% true and most of our losses are made because we are just so stubborn and wants to stick to our plan even when the market says a totally different thing, it is great to have a plan and prediction but that should not stop you from adapting to the market changes and make new plans according to it.

[Nautilus]

What should we do instead of fighting, having fun?
Maybe bounties can save the day, but..?

[Zed0X]

What should we do instead of fighting, having fun?
Maybe bounties can save the day, but..?

I do not know if you are being sarcastic or maybe you did not read my entire post. Check it again, the answer is there.

That is 100% true and most of our losses are made because we are just so stubborn and wants to stick to our plan even when the market says a totally different thing, it is great to have a plan and prediction but that should not stop you from adapting to the market changes and make new plans according to it.

Well said. "Stubborn" is a very appropriate word for those who refuse to accept the direction of the market.

You just earned +karma for that.

[Quart]

Well, an interesting quote.
In trading, fighting for the market will only make our feeling worse.
Well, I mean that if we keep trading, this is a certain way of setting the strategy to fit every condition of the market. Not prediction, but the right analysis is very important. We must also be careful in analyzing the market chart, every second will have different rate, that is why, wise, careful, and also smart decision will be very essential.

[Moykoy]

We must be careful in analyzing market charts, every second will have a different level, which is why, wise, careful, and also intelligent decisions will be very important. I mean if we continue to trade, this is a certain way to set a strategy to suit every market condition. Not predictions, but the right analysis is very important.

[Whate]

It's good and not to have a plan and prediction, but that shouldn't stop you from adapting to market changes and making new plans according to it. Most of our losses are made because we are so stubborn and want to stick to our plans even when the market says things completely different.

[Svaba Ortak]

Crypto is not a thing to make predictions about

[ardhanimaul]

Indeed, not all predictions of crypto experts are not always correct, and there are also experts who deliberately make predictions that are loaded on a media deliberately to make certain conditions that will benefit certain traders.

[MVT$]

I agree. Another quote that compliments that is this, "A trader should have no opinion. The stronger your opinion, the harder it is to get out of a losing position."

[giovannucchi]

An interesting quote I read today

"Predict? Yes. That's implied when you make a trade. Just don't stick to your predictions if the market tells you something different." - J. Leavitt

This just reminded me of most of my mistakes back when I was new to trading.
If you ever plan to trade, do not rely on "hopes" and being "positive" that the price will go up soon. Do not go against the flow of the market because doing so will only lead to losses.

Well, the market has Always the reason, but I think trading is not buying when market rises and selling when goes down. You shoul have a strategy, and therefore try to foresee the market behavior.
I think that it's better say to try adopt a strategy based on real events.
What do you think?

[ZionRTZ]

A lot of people will not agree to this. I also made this similar mistake when I was a few months old in crypto. Imagine having a 100% gain already and not selling, from that it went down to 50% gain and still not selling because I was thinking it'll have a second wave up. To cut the story short, the profits turned into a loss.

[trauchot]

If you are engaged in trading, you need to rely on yourself and you don’t need to think that tomorrow the token that you bought for example today will start growing tomorrow, you must always rely on today, everything is very difficult in trading and you should always think a few steps ahead.

[Bering]

This is for sure, many of our losses are due to the fact that we continue to go ahead and are more likely to excitement than common sense, with the result that we get this result!

[tamango]

Yes this is one of basic rules if you are a trader..."trend is your friend" so don't fight against the trend... it's different if you are a buy and hold investors where time picking is more important.